Blog Post

Let’s celebrate “Entrepreneur’s Day ” on 16th January !

There is World Entrepreneur’s Day. There are many Countries like US who celebrate the spirit on entrepreneurship. Why not India? Indian entrepreneurship also needs celebration. Let’s have our Entrepreneurship day on 16th January. It would be a day dedicated to all Indian Entrepreneurs, Creators, Innovators, Designers, Businessmen, Industrialists and Founders. Please join this celebration of entrepreneurship in India.

On 16th Jan 2016, Prime Minister Mr. Narendra Modi announced a bunch of benefits and schemes to promote start-up ecosystem in India under the event called ‘Startup India Action Plan Launch’. This was indeed a historic day for Indian Entrepreneurship and Startups.

It was a highly appreciative movement for an entrepreneur who wishes to thrive yet sustain in the Indian soil. With a sense of appreciation and gratitude, We request Government of India to declare 16th January as “National Entrepreneurship Day”.

An entrepreneur is a person who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. Entrepreneurs are not necessarily motivated by profit but regard it as a standard for measuring achievement or success.

Entrepreneurs promote capital formation, employment generation, wealth creation, and distribution, increase GDP and per capita income, improve standard of living, facilitate overall development, balance regional developments and reduce the concentration of power. Path breaking offerings by entrepreneurs, in the form of new goods & services (businesses), result in new employment, which can produce a cascading effect or virtuous circle in the economy, leading to overall development.

Every year, August 21 is observed as World Entrepreneurs’ Day. WED is the day of founders, managers, producers, contractors, industrialists, innovators, administrators, businessmen, designers and producers. The purpose is to create awareness for entrepreneurship, innovation, and leadership throughout the world. AIBA, the Alliance of International Business Associations invites everyone to organize happenings around the world to promote WED. World Entrepreneurs Day is a great opportunity to push philanthropic, social and ethical business practices via conferences, awards, and initiatives.

The USA celebrates Entrepreneurship Day on 3rd Tuesday in November and was started in 2010 by David Hauser and Siamak Taghaddos, co-founders of Grasshopper U.S.A to appreciate the work of new ventures and entrepreneurs by awarding them finance and other liabilities. On this day, entrepreneurs are encouraged to thank mentors, get inspired and spread the word about how to achieve success in business.

Government of India is also trying to enhance entrepreneurship culture by providing several relaxations such as no tax on capital investments in regulated funds for startups, Rs 500 crore for SC/ST and women entrepreneurs under the Startup India scheme and Long-term capital gains for unlisted firms lowered from three to two years. It has also announced the setting up of a fund to raise Rs 2,500 crore annually for four years to finance startups.
There have been amendment in the Companies Act, 2013 to ensure better startup ecosystem and tackle the registrations in a hassle-free manner.

Therefore, the number of active investors in the ecosystem has grown from 220 in 2014 to 490 in 2015, depicting a 2.3X growth. Total funding in 2015 has grown by 125% over 2014. Similarly, the number of accelerators grew by 40% from 80 in 2014 to 110 in 2015.
Today, India currently has more than 48 million small businesses, double the number of the small companies in the U.S. (23 million).

India has paved its way to secure the third position in the world in terms of the number of startups, 4200+ with a growth of 40%, by the end of 2015. The startup ecosystem has generated employment for around 80,000 to 85,000 people in total.

We appeal all Indians to celebrate 16th Jan as National Entrepreneurship Day where we could thank the entrepreneurs and appreciate their hard-work towards nation-building, who strive to make the world a far better place to live.

Few suggestions for “What can be done on Indian Entrepreneur’s Day”

Recognition of Entrepreneurs

Awareness campaigns to encourage Entrepreneurship in colleges and schools

Events, Quizzes, Discussions, Walk-a-thons, Start-a-thons

Extending funding and monetary support

Special activities for economically weak entrepreneurs

Special support and programs for “Divyang Entrepreneurs”

Special programs for Woman Entrepreneurs

Idea and start-up competitions

We request and make humble appeal to various Government Agencies, Start-up ecosystem Organizations, Institutions, Schools, Communities, NGO’s and Public by large to make small contribution and organize special programs and events to mark 16th January as Entrepreneur’s Day in India.

You could also support and sign this open petition at change.org for this celebration. Please click here to sign petition.